4 ms·
I haven't fully through this through, but at a naive level it seems to me like the U.S. has the upper hand. Less trade between the two countries means U.S. cons
by toasterlovin 8y ago
I haven't fully through this through, but at a naive level it seems to me like the U.S. has the upper hand. Less trade between the two countries means U.S. consumers pay higher prices on non-essential items. But the impact on the Chinese is much more significant: people will lose jobs.
- janekm 8y agoThinking it through: The vast majority of goods imported from China are sold to US consumers by American companies, employing Americans. A 25% increase in cost of goods sold for these companies requires severe cost cutting, leading to the lay-offs of those American employees.
- toasterlovin 8y agoBut, again, a disproportionate impact. It takes way less people to administer buying and selling goods than it does to staff the factory floor.